HYD vs. ITM
Compare and contrast key facts about VanEck Vectors High-Yield Municipal Index ETF (HYD) and VanEck Intermediate Muni ETF (ITM).
HYD and ITM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. It was launched on Feb 4, 2009. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. Both HYD and ITM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYD or ITM.
Correlation
The correlation between HYD and ITM is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYD vs. ITM - Performance Comparison
Key characteristics
HYD:
1.08
ITM:
0.58
HYD:
1.50
ITM:
0.84
HYD:
1.20
ITM:
1.11
HYD:
0.49
ITM:
0.28
HYD:
5.50
ITM:
1.94
HYD:
0.99%
ITM:
1.13%
HYD:
5.02%
ITM:
3.79%
HYD:
-35.60%
ITM:
-24.75%
HYD:
-6.55%
ITM:
-4.24%
Returns By Period
In the year-to-date period, HYD achieves a 0.17% return, which is significantly lower than ITM's 0.26% return. Over the past 10 years, HYD has outperformed ITM with an annualized return of 3.48%, while ITM has yielded a comparatively lower 2.01% annualized return.
HYD
0.17%
0.59%
0.93%
4.75%
-0.75%
3.48%
ITM
0.26%
0.85%
0.41%
2.04%
0.09%
2.01%
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HYD vs. ITM - Expense Ratio Comparison
HYD has a 0.35% expense ratio, which is higher than ITM's 0.24% expense ratio.
Risk-Adjusted Performance
HYD vs. ITM — Risk-Adjusted Performance Rank
HYD
ITM
HYD vs. ITM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors High-Yield Municipal Index ETF (HYD) and VanEck Intermediate Muni ETF (ITM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
HYD vs. ITM - Dividend Comparison
HYD's dividend yield for the trailing twelve months is around 4.33%, more than ITM's 2.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYD VanEck Vectors High-Yield Municipal Index ETF | 4.33% | 4.29% | 4.13% | 3.96% | 3.50% | 4.01% | 4.08% | 14.47% | 4.29% | 4.58% | 4.83% | 4.98% |
ITM VanEck Intermediate Muni ETF | 2.74% | 2.73% | 2.39% | 1.92% | 1.70% | 2.13% | 2.32% | 2.34% | 2.21% | 2.29% | 2.27% | 2.43% |
Drawdowns
HYD vs. ITM - Drawdown Comparison
The maximum HYD drawdown since its inception was -35.60%, which is greater than ITM's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for HYD and ITM. For additional features, visit the drawdowns tool.
Volatility
HYD vs. ITM - Volatility Comparison
VanEck Vectors High-Yield Municipal Index ETF (HYD) has a higher volatility of 1.44% compared to VanEck Intermediate Muni ETF (ITM) at 1.01%. This indicates that HYD's price experiences larger fluctuations and is considered to be riskier than ITM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.